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property


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N.

Anything that can be owned. A distinction is made between real property (land and incorporeal hereditaments) and personal property (all other kinds of property) and between tangible property (that which has a physical existence, e.g. chattels and land) and intangible property (choses in action, including intellectual property, and incorporeal hereditaments). For purposes of the law of theft, property includes all real, personal, and intangible property, although land can only be stolen under certain specified conditions. For purposes of the law of criminal damage, property does not include intangible property.

Subjects: Law.


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